Kromek (AIM: KMK), a worldwide supplier of detection technology focusing on the medical, security screening and nuclear markets, is pleased to announce that it has been awarded two contract extensions by a European government-related company to provide network solutions of its D3S related technologies to counter nuclear terrorism. The contract extensions are worth a total of £460k and will be delivered in the current financial year.
The contract extensions are a further step towards Kromek providing a full wide-area system roll-out for this customer, a company that works with a European government to detect and protect against potential nuclear threats. Kromek’s solutions will be used for inland security wide-area threat monitoring with the purpose of protecting critical infrastructure and public spaces and includes the provision of enhancing network data security. This brings the total awarded by this customer to just over £2.5m over the last two years.
Dr Arnab Basu, CEO of Kromek, said: “These contract extensions are indicative of the rebound in commercial activity we are experiencing across our business and further evidence that normal trading patterns are returning for us as well as our customers.
“The D3S family of products is at the forefront of the innovative solutions being adopted by governments worldwide for countering threat of nuclear terrorism. These products, as part of our radiation detection solutions, have been deployed in over 20 countries to keep critical infrastructure and public spaces safe. We look forward to working with this customer and help with their roll-out programme over the next few years.”
For further information, please contact:
Kromek Group plc
Arnab Basu, CEO
Paul Farquhar, CFO
+44 (0)1740 626 060
Cenkos Securities plc (Nominated Adviser and Broker)
Max Hartley (NOMAD)
Julian Morse (Sales)
+44 (0)20 7397 8900
Luther Pendragon (PR)
+44 (0)20 7618 9100